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Sun Bank rebrands as The Mortgage Works

Portman Building Society subsidiary Sun Bank is being rebranded as The Mortgage Works this week.

Portman group manager (intermediary marketing) Richard Farr says there will be similarities between the branding of Sun Bank and The Mortgage Works.

He says the change has been made through necessity rather than desire.

After its acquisition by Portman in September 2001, the FSA told Sun Bank it could not have the word bank in its name as it was no longer trading as a bank.

Sun Bank will not be launching a new product. Farr says the company does not want to give the impression that the rebrand is a complete reinvention of its market proposition.


Isis Asset Management – Multi-Manager Distribution Fund

Type: Oeic fund of funds Aim: Income and growth by investing in Oeics, unit trusts, investment trusts and property funds Minimum investment: Lump sum £1,000, monthly £50 Investment split: 30% equity funds, 50% fixed interest funds, 20% property funds Isa link: Yes Pep transfers: Yes: Charges: Initial 5%, annual 1.25% Commission: Initial 3%, renewal 0.5% […]

Chelsea chooses GMAC-RFC for sub-prime offerings

The Chelsea Building Society is now have sub-prime mortgage offerings for customers falling outside its lending criteria. It is using &#39non-conforming&#39 products from GMAC-RFC.The firm says the decision to introduce customers to GMAC-RFC was taken after lengthy research of the non-conforming lending market, following a number of approaches from different lenders.It says the agreement with […]

Midlands IFA offers residential property in pension now

Midlands IFA Central Financial Planning is offering a pension arrangement that allows company directors access to direct investment in residential property. CFP says the Self Invested Benefit Arrangement has mandatory Inland Revenue approval because it follows special rules contained in the Income & Corporation Taxes Act 1988.

Lawyer urges IFAs to fight watchdog

A solicitor is calling on IFAs to band together and form a defence union to contest decisions made by the Financial Ombudsman Service. Glasgow lawyer Alasdair Sampson, of Drummond Miller, says the FOS appears to have adopted the principle that IFAs are not only responsible for the advice they give but also for a customer&#39s […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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